The price of an ordinary 1960s house in an ordinary Auckland suburb rises from $417,000 to $850,000 in four years

An unremarkable 1960s-era four bedroom house in the Auckland suburb of Green Bay was sold at auction by Bayleys for $850,000 last week.

Green Bay is one of Auckland’s inner-west suburbs, sitting between Blockhouse Bay and Titirangi.

The house (pictured at right and below) was typical of its era, with weatherboard construction and was tidy but still in original condition.

It sat on a 675 square metre section, which would not be big enough to subdivide.

It had an interesting sales history.

According to QV.co.nz the house was sold in March 2011 for $417,000 and then sold again in December 2013 for $596,000 and then again at last week’s auction for $850,000, which means its price has more than doubled in the last four years.

Its rating valuation was $540,000.

Pictured below: the interior of the Green Bay house that sold for $850,000.

Other highlights of last week’s Bayleys auctions include a two bedroom home unit in the North Shore suburb of Glenfield which sold for $590,000, a three bedroom apartment in Auckland’s CBD which went for $1.48 million, a 1950s-era bach overlooking Chateris Bay in Lyttelton Harbour which went for $240,000 and a 90ha dairy farm at Mangatangi near Miranda in the Waikato which sold for $2.8 million.

See below for the full results of last week’s Bayleys auctions around the country, with photos and details of all properties, including those that didn’t sell.